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Tukituki Developments Limited offers wholesale investors, the opportunity to invest in a 216-hectare agricultural property in Hawkes Bay, New Zealand, strategically positioned for dual income generation and capital appreciation. The company seeks to raise $5.645 million, funding the acquisition of land, livestock, plant, and equipment. The property, currently operating as an intensive bull beef finishing unit, offers immediate cash flows however, the true value lies in land banking for potential conversion to high-value horticulture, leveraging a new irrigation consent amid regional water constraints.
Located at 566 Pourerere Road, near Waipawa, the site features 128 hectares suitable for horticulture on flat-to-undulating terrain. Acquired in 2021 and redeveloped with enhanced fencing, pastures, and irrigation infrastructure, it is to be managed by Tom Collier, an experienced operator from a large-scale Taranaki farm background. Collier, also affiliated with Halter™ technology for optimised grazing, plans a minority equity investment post-subdivision, aligning management incentives. The acquisition will occur in two stages: Stage 1 (158.2 ha, $6.21 million total) in 2025/26, followed by Stage 2 (58.24 ha, $1.435 million) in 2026/27.
With the Hawkes Bay's horticultural sector expanding due to water restrictions on the Heretaunga Plains - where Orchards and Vineyards are primarily located, demand is shifting southward toward regions like Waipawa. The property's irrigation consent (up to 200 L/s, 1,045,052 m³ annually) enables potential diversification into viticulture, pip fruit, or kiwifruit.
This opportunity combines stable income with high-growth potential in a supply-constrained market. For more information and to receive a copy of the IM please register your interest below.